Neinor Homes confirms achievement of FY24 guidance and announces €125mn shareholder distributions Neinor has delivered 2,397 housing units with strong underlying gross margin of 28.5% and reported FY24 adj. Net Income of €69mn, a 5.9% beat to the Company’s guidance High margins and solid cash flow generation took Adj. Net Debt to €238mn by year-end, maintaining a conservative LTV of 16.2% The Company will submit to the next AGM the approval of €125mn in shareholder distributions for FY25 – aiming to distribute a total of €188mn for the following 12-months (16% yield) Neinor has si...
Neinor Homes steps into flex living with Banco Santander and will co-invest €60mn in a project located in Madrid Neinor Homes and Banco Santander have reached an agreement to invest more than €60mn to develop 160 ‘flex living’ apartments in the city of Madrid With this agreement Neinor Homes enters a new product vertical within the thriving Spanish living sector further diversifying its housing offering This agreement represents the 8th JV signed by Neinor Homes since 2023, having raised +€1.2bn, more than doubling the initial expectation set on its Strategic Plan (2023-27) of €500mn G...
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